What is Mettalex?

Symbol: MTLX · Market cap rank: #5792

Short answer

Mettalex (MTLX) is a cryptocurrency currently ranked #5792 by market capitalisation. It is classified as DEX.

Source: isthiscoinascam.com

Overview

Mettalex is described as a decentralized exchange using peer-to-peer order books and AI agent technology powered by Fetch.ai. It is presented as not using traditional liquidity pools, and as enabling asset exchanges at specified price points. The platform is described as chain-agnostic, facilitating trading across multiple blockchains including Fetch chain, Ethereum, Binance Smart Chain, and Avalanche, including cross-chain trading.

The description says AI agents can be deployed on users' machines to execute trades on behalf of traders based on chosen prices, with execution intended to be automated rather than manually performed. The CEO and founder is Humayun Sheikh, who is also described as the founder of Fetch.ai, uVue, and itzMe. Mettalex's token MTLX has a maximum supply of 40,000,000. Governance model and staking or wrapping details are not specified.

Launched: 2020

Scam-risk analysis

Mettalex has a moderate score — some risk signals were raised but no critical concerns. Is Mettalex a scam?

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